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Bottomline Technologies management to meet with Needham

Meetings to be held in the Midwest on February 14-15 hosted by Needham.

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EPAYBottomline Technologies

$36.96

0.67 (1.85%)

07/17/17

07/17/17UPGRADETarget $33Outperform

Follow-up: Bottomline Technologies upgraded to Outperform at Raymond James

As previously reported, Raymond James upgraded Bottomline Technologies to Outperform from Market Perform and established a $33 price target. Analyst Wayne Johnson thinks the company is entering a period of high margins and more linear revenue growth and is excited about positive operating leverage from rising sales momentum and contracts that have already been expensed over a fixed cost infrastructure.

07/17/17

07/17/17UPGRADE

On The Fly: Top five analyst upgrades

Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. United Rentals (URI) upgraded to Outperform from Sector Perform at RBC Capital with analyst Seth Weber citing consolidation within the rental space and positive comments by rental company Sunbelt as two reasons for the upgrade. 2. Fifth Street Finance (FSC) upgraded to Outperform from Market Perform at JMP Securities with analyst Christopher York saying that the deal under which Oaktree (OAK) will become Fifth Street's investment adviser will improve both companies' corporate governance and lower Fifth Street's costs. 3. CACI (CACI) upgraded to Buy from Hold at Jefferies with analyst Sheila Kahyaoglu saying she views the company's portfolio geared towards defense solutions as "compelling" and she likes its "aggressive" capital deployment strategy. 4. Greenbrier (GBX) upgraded to Buy from Hold at Stifel with analyst Michael Baudendistel saying that the market is underestimating the benefits of the company's deal with Mitsubishi UFJ Lease & Finance and its international expansion. 5. Bottomline Technologies (EPAY) upgraded to Outperform from Market Perform at Raymond James with analyst Wayne Johnson saying he thinks the company is entering a period of high margins and more linear revenue growth and is excited about positive operating leverage from rising sales momentum and contracts that have already been expensed over a fixed cost infrastructure. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

08/11/17

CHLM

08/11/17UPGRADETarget $35CHLMBuy

Bottomline Technologies upgraded to Buy from Hold at Craig-Hallum

Craig-Hallum analyst George Sutton upgraded Bottomline Technologies to Buy from Hold, stating that after "waiting" nearly two years for, all of its assets are now moving in an upward direction and he sees growth rates remaining at the upper end of the 15-20% subscription and transaction growth guidance. Sutton raised his price target on Bottomline shares to $35 from $26.

Needham analyst Mayank Tandon raised his price target on Bottomline Technologies to $45 and kept his Buy rating after a Q2 beat on earnings, revenue, and EBITDA. The analyst says the quarter was highlighted by solid growth in subscription and transaction revenue along with margin expansion, adding that the company's competitive strengths on the corporate banking side position it well to execute over medium to long-term.

Nuance has ceased development this month of the Swype feature for both iOS and Android, six years after it acquired the company behind the keyboard app for roughly $100M, the Verge reports, citing an emailed statement. Nuance said that it would discontinue support of the keyboard app and shift focus to other products, the report says. "The core technology behind Swype will continue to be utilized and improved upon across other Nuance offerings - and integrated into our broader AI-powered solutions - most notably in Android-based keyboard solutions for our automotive customers," the company said, according to the Verge. Reference Link

Baskin-Robbins, a Dunkin' Brands company, announced its continued expansion in the Toronto, Ontario market with the signing of four new store development agreements with three existing franchise groups. The first Baskin-Robbins shop under these new agreements is scheduled to open in 2019. Currently, there are more than 80 Baskin-Robbins locations throughout the greater Toronto area, and growing the brand there remains a top priority for Baskin-Robbins in 2018 and beyond.

Reports Q4 revenue $369.0M, consensus $340.56M. Q4 Adjusted EBITDA was $110.5M for the three months ended December 31, 2017, up 294% sequentially from $28.0M for the three months ended September 30, 2017 and up 691% from $14.0M for the three months ended December 31, 2016.

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